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Nov 1, 2012
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. >>> elsewhere president obama resumes its election campaign duties today. he's ahead of mitt romney in three key states according to the latest "wall street journal" nbc poll. but the majority of the swing states are still there for the taking. it's shaping up to be one of the closest races in history. >> using new methodology, adp's revised calculations for the monthly job reaction at down from 162,000 the firm originally reported. october's figure is due out today. and washington's official nonfarm payroll on friday, of course. analysts are expecting around 15,000 jobs to have been created in october and a slight uptick in the job let last. did you see that story that said if you have a smartphone, blackberry, your company gets an extra 460 hours out of you a year. there is one or two that we get even more time on their blackberries, but seriously, i was looking at my smartphone and there are comments from our viewers saying come on, viewers in the states are not so stupid as to change their mind in the last couple days given what chris christie said. the
. >>> elsewhere president obama resumes its election campaign duties today. he's ahead of mitt romney in three key states according to the latest "wall street journal" nbc poll. but the majority of the swing states are still there for the taking. it's shaping up to be one of the closest races in history. >> using new methodology, adp's revised calculations for the monthly job reaction at down from 162,000 the firm originally reported. october's figure is due out today....
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Oct 31, 2012
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remember when president obama was elected, he said he'd put a lot of people to work in shovel-ready job. turned out there weren't that many jobs that were ready in. the wake of sandy, i don't think there are enough shovels ready for up and down the jersey and new york coast. these jobs will be created. this destruction, estimated between $30 billion and $50 billion. i think it's going to exceed that. maybe at least get to the high end. will finally move the employment need until this country. now, when we look at industries that have been hardest hit since the great recession, the one that stands out the most is the construction business. construction business is about half of what it was six years ago. the culprit, banks that are afraid to lend, excess of homes, no need for new buildings and roads. the federal government doesn't need loans from banks. the federal government can cut immediate checks to get work done. the federal government is the only entity big enough for this job. i think it will keep the situation for dissolving into partisan policies, as usual. some are too big for
remember when president obama was elected, he said he'd put a lot of people to work in shovel-ready job. turned out there weren't that many jobs that were ready in. the wake of sandy, i don't think there are enough shovels ready for up and down the jersey and new york coast. these jobs will be created. this destruction, estimated between $30 billion and $50 billion. i think it's going to exceed that. maybe at least get to the high end. will finally move the employment need until this country....
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Oct 30, 2012
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so just a couple days before the election, this is a crucially important number for obama obviously going into the election. but more importantly, it will help us see really what's happening within the employment picture itself and is it actually improving or not. >> okay. thanks very much for joining us this morning. >> bp reported better than expected results for the third quarter. underlying replacement cost profit $5.2 billion, around a billion dollars ahead of estimates. dividend has risen. becomeky peck becky was talking to bob dudley. >> and he was talking about how the refining has helped earns this it time around.>> and he w the refining has helped earns this it time around. the difference denied increased by some 12.5% is having big impacts on the stock today, as well. i was asking why they chose now to increase the dividend and if there would be further hikes in the future and he said they clearly have the confidence to raise the dividend now. they will continue to have a progressive policy in the future. continue to sell off businesses. and he said they do still have some asse
so just a couple days before the election, this is a crucially important number for obama obviously going into the election. but more importantly, it will help us see really what's happening within the employment picture itself and is it actually improving or not. >> okay. thanks very much for joining us this morning. >> bp reported better than expected results for the third quarter. underlying replacement cost profit $5.2 billion, around a billion dollars ahead of estimates....
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is re-elected. i think that's probably the right way to look at it. >> all right. we'll leave it there. gentlemen, thank you very much, we appreciate your time tonight. we had a little bonus time there. i'm glad we got to that question. up next, my thoughts on leaders rising in the aftermath of super storm sandy. and a concert benefiting victims of sandy. bon jovi, christina aguilera. you can catch them tomorrow night at 8:00 p.m. join us for this special concert coming together. u tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better ch
is re-elected. i think that's probably the right way to look at it. >> all right. we'll leave it there. gentlemen, thank you very much, we appreciate your time tonight. we had a little bonus time there. i'm glad we got to that question. up next, my thoughts on leaders rising in the aftermath of super storm sandy. and a concert benefiting victims of sandy. bon jovi, christina aguilera. you can catch them tomorrow night at 8:00 p.m. join us for this special concert coming together. u tdd#:...
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Oct 30, 2012
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p that's a 2:1 advantage to president obama. second when the stock market does better than 5% and it's been up 8% during obama's four year, 80% of the incumbents win. when it's below 5%, only 40 respect abo respe respect% of them win. finally, governor romney is 14 years older than obama. no one who is 14 years would older has taken the white house. and he's the third oldest candidate ever to run for president behind reagan and harrison. so history is on obama's side. >> appreciate the stats. we have someone writing in all this on the back of hurricane season, michael, let's continue with you because we've been looking at a lot of earns and not seeing a huge impact with the storm. investors choosing to trade -- >> lot of bears worried about the top line, but you've crunched through some of the numbers. >> it's not so bad. we were a bit worried about the third quarter. i've been calling it would be the year of the economic cycle. pmi data seems to be suggesting that. and here we are, we have 51% the company beating on the earning
p that's a 2:1 advantage to president obama. second when the stock market does better than 5% and it's been up 8% during obama's four year, 80% of the incumbents win. when it's below 5%, only 40 respect abo respe respect% of them win. finally, governor romney is 14 years older than obama. no one who is 14 years would older has taken the white house. and he's the third oldest candidate ever to run for president behind reagan and harrison. so history is on obama's side. >> appreciate the...
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Nov 2, 2012
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that is the extent of the jobs report makes the pofblt president obama getting elected a little bit more likely. that means sell the winners, capital gains taxes may be going up. that's been cited by traders. but i think sharon is right, it is the dollar moving up. we are at a two-month high. when that happens you tend to get pressure on a lot of different sectors in the market. if you look on the downside what's leading the market to the downside, they are the two most dollar sensitive sectors in the market, material stocks and energy. that's because these are all commodity bases and they get impacted by the movie on the dollar here. if you look at what's most active at the exchange traded funds, i'd pay a lot of attention to volume in the big exchange traded funds. tracked about 100 of them at a time. these have the heaviest volume. look. silver, gold, gold stocks, as well as some other ones that are in the overall materials index. that tells me that this is a lot of this decline is dollar related. >> got it. bob pisani, thanks so much. >>> now over to the nasdaq, seema mody following
that is the extent of the jobs report makes the pofblt president obama getting elected a little bit more likely. that means sell the winners, capital gains taxes may be going up. that's been cited by traders. but i think sharon is right, it is the dollar moving up. we are at a two-month high. when that happens you tend to get pressure on a lot of different sectors in the market. if you look on the downside what's leading the market to the downside, they are the two most dollar sensitive sectors...
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Nov 2, 2012
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election is back in full swing yesterday. i didn't see whether they were holding any beer bottles, but just five days to go now until the vote. the obama and romney hitting with full force. an michael bloomberg endorsed obama. he insisted obama could still fulfill the hope he implied four years ago despite what he calls a disappointing first term. meanwhile the president and his republican rival are focusing on change. >> we haven't can the same four more years. our xlant is five more days. >> you know what i believe, you know where i stand, you know i'm willing to make tough decisions everyone when they're not politically convenient. >> you have to ask yourself is america on the road to greece. are we on the road to check crisis as you're seeing in europe and italy and spain and other parts of the world. >> we know what change looks like. and what the governor's offering sure ain't change. >> while the election campaign is back ork many american still struggling to get back to normal following super storm sandy. at least 98
election is back in full swing yesterday. i didn't see whether they were holding any beer bottles, but just five days to go now until the vote. the obama and romney hitting with full force. an michael bloomberg endorsed obama. he insisted obama could still fulfill the hope he implied four years ago despite what he calls a disappointing first term. meanwhile the president and his republican rival are focusing on change. >> we haven't can the same four more years. our xlant is five more...
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. >> meanwhile a new nbc "wall street journal" maris poll shows that just a few days before the election, president obama is leading mitt romney in three battleground states, wisconsin, iowa and new hampshire. you can head to y nbc.com to reach john harwood's take on the poll and the race for the white house. sdwr joining us is a political reporter at the "washington post" following all of this very closely of course. sean, thanks for joining us. i want to start with this dynamic een obama and chris christie. what's the chris christie strategy here? because it seems to be taking some of the momentum away from his own party. >> yeah, this is really interesting. you have somebody in governor christie who has been an outson critic of president obama. but what we've heard the last three days is nothing but praise for the president and the pearl response to his needs in new jersey. so a little bit of a different tone there. but in times like these when you have natural disasters, you tend to see politicians put politics aside. that said, there's certainly a political up side for obama appeari
. >> meanwhile a new nbc "wall street journal" maris poll shows that just a few days before the election, president obama is leading mitt romney in three battleground states, wisconsin, iowa and new hampshire. you can head to y nbc.com to reach john harwood's take on the poll and the race for the white house. sdwr joining us is a political reporter at the "washington post" following all of this very closely of course. sean, thanks for joining us. i want to start with...
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campaigning for the presidential election has so far been on hold. republican mitt romney has avoided political talk at public appearances. meanwhile, obama has cancelled a rally in ohio today, and will instead visit new jersey to assess the damage with the states governor chris christie, the president keen to be seen responding rapidly to the crisis. >> i want you to cut through red tape. i want you to cut through bureaucracy. there's no excuse for inaction at this point. i want every agency to lean forward and to make sure that we are getting the resources where they're needed as quickly as possible. >> so there you go. president obama then just responding. we talked a little bit about this in the first hour with you about how this could suit obama in the campaign. has to be a little careful how you talk about it. but obama does look cool under fire. does have the ability to take this crisis and show that he is still presidential material. >> yeah, i think it helps obama. he looks presidential. he's in control of the crisis, assuming he remains in
campaigning for the presidential election has so far been on hold. republican mitt romney has avoided political talk at public appearances. meanwhile, obama has cancelled a rally in ohio today, and will instead visit new jersey to assess the damage with the states governor chris christie, the president keen to be seen responding rapidly to the crisis. >> i want you to cut through red tape. i want you to cut through bureaucracy. there's no excuse for inaction at this point. i want every...
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jobs market before the election is due out in just a few hours. forecasts calling for another month of modest but not stellar payroll growth. >> dow, s&p and nasdaq posting their strongest session since mid september. >> the rising cost of sandy, now the economic losses could reach $50 billion. >> we'll get into what's happen manage greece later, but first michael bloomberg has endorsed br barack obama. he cites his record on climate change and his steps to reduce carbon consumption as the key. particularly in the wake of the devastation left by sandy. well, for more on the election, joining us is christopher lockwood. his publication has just man a endorsement of its own. and sarah fay began.dn a endorsement of its own. and sarah fay began.en a endorsement of its own. and sarah fay began. a endorsement of its own. and sarah fay began. chris forever, first to you.ghy. chris forever, first to you.ny . chris forever, first to you. be. chris forever, first to you.beg. chris forever, first to you.ega. chris forever, first to you.gan. chris forever, fi
jobs market before the election is due out in just a few hours. forecasts calling for another month of modest but not stellar payroll growth. >> dow, s&p and nasdaq posting their strongest session since mid september. >> the rising cost of sandy, now the economic losses could reach $50 billion. >> we'll get into what's happen manage greece later, but first michael bloomberg has endorsed br barack obama. he cites his record on climate change and his steps to reduce carbon...
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Oct 31, 2012
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president obama side by side with new jersey republican and very outspoken governor chris christie. it is election season, after all. >>> later today, the man behind that hot generator company that everyone is talking about. the ceo is on "fast money" at 5:00 eastern time. we'll be right back. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly onlin
president obama side by side with new jersey republican and very outspoken governor chris christie. it is election season, after all. >>> later today, the man behind that hot generator company that everyone is talking about. the ceo is on "fast money" at 5:00 eastern time. we'll be right back. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national...
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Oct 29, 2012
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in any case, president obama and mitt romney have canceled campaign events today due to hurricane sandy, this only eight days left before the presidential election with polls showing an extremely tight race. joining us now for more is columnist and blger f blogger a contributor. james, thank you for getting up this morning. and you mentioned even just getting to the office, you are already seeing the rain. >> i have to admit that as i was coming in, i was -- even though i love cnbc and i love this show, i was regretting it just a little bit as the rain was heavier than expected and as soon as i'm done, i'm heading home and going deep into the bunker. >> yes, be safe. we know we see the path of the storm seems to be aiming directly for pennsylvania, although the impact because it's so large being felt all up and down the east coast. a lot of people wondering what this will mean for the election tuesday. >> well, one affect it could have, it could freeze the election wherever it is right now for the next half week or so. i think people will be focused on this hurricane coverage. you're no
in any case, president obama and mitt romney have canceled campaign events today due to hurricane sandy, this only eight days left before the presidential election with polls showing an extremely tight race. joining us now for more is columnist and blger f blogger a contributor. james, thank you for getting up this morning. and you mentioned even just getting to the office, you are already seeing the rain. >> i have to admit that as i was coming in, i was -- even though i love cnbc and i...
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>> i think there are three advantages to the obama campaign and to the president. one is just what you've identified. the president, by just doing his job and doing it well and by mi making sure that fema performs well and the entire federal bureaucracy responds officially, he gets points. he looks like a leader. he looks like someone in command. that's always good for undecided voters. it's always good to motivate someone in his base who wasn't sure they were going to vote. secondly, if you subscribe to the theory that the romney campaign had momentum t looked like it did in some of the swing states. this is a timeout for three days. it's like a basketball game where one side is coming back from being way down and they're only two buoyapoints down. all the sudden the scoreboard clock goes down. for ten minutes they repair the clock. after that, the team has lost its momentum. i think the guy that had momentum is hurt by a three-day layoff. thirdly, there's a fundamental distinction between the two campaigns and two visions. one says that government should get out
>> i think there are three advantages to the obama campaign and to the president. one is just what you've identified. the president, by just doing his job and doing it well and by mi making sure that fema performs well and the entire federal bureaucracy responds officially, he gets points. he looks like a leader. he looks like someone in command. that's always good for undecided voters. it's always good to motivate someone in his base who wasn't sure they were going to vote. secondly, if...
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could y do you think they will double down on that particularly if obama wins the election at their next meeting? >> well, i don't know that they double down. i think what you are seeing, though, is a shift in fed sentiment. even one of the hawkish members has kind of changed his position and decided that the fed needs to be a bit more aggressive. the big question is always not whether they want to do it but how effective is what they are doing? and, you know, my view has always been that you use the best tools that you can first and then when you're out of those tools, then you go to those things that are less effective. so i think they're in that regime right now. they may want to do more. it's just not clear there's a whole lot more they can do. >> earlier mr. lazear, you referred to the current recession. i don't believe you think we're still in a recession so i think you believe we're not coming out of it perhaps as quickly as otherwise. when you come out of a financial crisis led recession job growth typically takes a lot longer to get back to where you were than a typical recessio
could y do you think they will double down on that particularly if obama wins the election at their next meeting? >> well, i don't know that they double down. i think what you are seeing, though, is a shift in fed sentiment. even one of the hawkish members has kind of changed his position and decided that the fed needs to be a bit more aggressive. the big question is always not whether they want to do it but how effective is what they are doing? and, you know, my view has always been that...
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so i think the market psychologically with like to see a romney win, but even if it's obama, we can still make a plan. and that's the biggest problem. >> what happens if we don't find out the outcome of the election by wednesday morning? >> that's the talk of the town right now. downstairs everybody's talking that is the biggest disaster because if he with have that uncertainty continue -- i don't think it would go as lon at figure cal cliphysical kal clif that's the irs volumes have been low because we ecause there is no etting plan going forward. >> scott, we'll leave it there, but thanking for your perspective. we'll see you soon. the question on our minds here this morning, to run or not to run. that is our question. the big controversy over mayor bloomberg's decision to push forward with the marathon. one topic of outrage to touch on in chairs this morning. smart comes with 8 airbags, 3 a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. but don't just listen to me. listen to these happy prog
so i think the market psychologically with like to see a romney win, but even if it's obama, we can still make a plan. and that's the biggest problem. >> what happens if we don't find out the outcome of the election by wednesday morning? >> that's the talk of the town right now. downstairs everybody's talking that is the biggest disaster because if he with have that uncertainty continue -- i don't think it would go as lon at figure cal cliphysical kal clif that's the irs volumes...
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clearly for president obama. you've certainly declared. i wanted to know is this the kind of october and november now surprise that can benefit a sitting president more than a candidate? >> well, who knows. i mean, you know, there's been -- i've heard it argued both ways, jim. that, you know, the people who are lower income are going to have more difficulty getting to the polls. other people have indicated that -- that it will favor the sitting president. certainly i hope that's the case. but i can't predict that. >> jim, i wonder, though, we're getting some fresh polling out of ohio where the president once not long ago, jim, had a five-point lead. it looks very even right now. people still discussing a participation gap, an enthusiasm gap versus his first election in 2008. how do you -- how worried are you about that? >> well, obviously concerned. i would expect that in michigan and ohio where the car industry has been reenergized, that that would have a significant impact. we certainly notice that our business in those two states is pre
clearly for president obama. you've certainly declared. i wanted to know is this the kind of october and november now surprise that can benefit a sitting president more than a candidate? >> well, who knows. i mean, you know, there's been -- i've heard it argued both ways, jim. that, you know, the people who are lower income are going to have more difficulty getting to the polls. other people have indicated that -- that it will favor the sitting president. certainly i hope that's the case....
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he could win the election. but he may need a little bit of push by the end. and then the other thing that people talk about is the idea that president obama can showrd shal leadership and he's helping people, using fema and other tools of the administration. i'm kind of skeptical of that because i think people understand that that's a president's job. i don't see the president getting much mileage out of that. but who knows. >> this is a random question. if the election were held tomorrow, would they ever cancel or delay the actual election itself due to weather,s that that ever happened? >> not to my knowledge. i think it would be very, very difficult to do. but, you know, stranger things have happened. i'm not aware that that's ever happened. i mean, it certainly happened in particular jurisdictions. you remember in 9/11, they moved the mayoral election in new york city. so certainly there's press department for in the catastrophic circumstance moving the date, but i've never seen that in a presidential election and i'd be very surprised if that happens. >>
he could win the election. but he may need a little bit of push by the end. and then the other thing that people talk about is the idea that president obama can showrd shal leadership and he's helping people, using fema and other tools of the administration. i'm kind of skeptical of that because i think people understand that that's a president's job. i don't see the president getting much mileage out of that. but who knows. >> this is a random question. if the election were held...
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and that's going to be an important thing with days to come until the election. people are talking about how sandy will affect the election, and that is one of the major things people are talking about this morning, guys. back to you. >> kayla tausche, thanks so much. talk about moving all these various calendar dates. there's also, i mean, as kayla mention, some talk whether or not the elections could possibly be moved. constitutionally it can be moved but whether or not that is going to happen is a whole other story. >> all i heard was executive order to move -- >> halloween. >> words i never thought i would hear. >> think of all the children across the country rejoicing, and adults for that matter. and adults. >> we had a lot of businesses report a good quarter. european business news rather extraordinary. >> deutsche bank. >> when was the last time europe helped us? here we go. >> except we're not open. >> i know that our futures or whatever they were trading off of, looking at some of the data points, bp gave you a boost from dividends. that was terrific. 40
and that's going to be an important thing with days to come until the election. people are talking about how sandy will affect the election, and that is one of the major things people are talking about this morning, guys. back to you. >> kayla tausche, thanks so much. talk about moving all these various calendar dates. there's also, i mean, as kayla mention, some talk whether or not the elections could possibly be moved. constitutionally it can be moved but whether or not that is going to...